New Age Alpha Advisors LLC Purchases 11,619 Shares of Group 1 Automotive, Inc. $GPI

New Age Alpha Advisors LLC boosted its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 1,001.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,779 shares of the company’s stock after purchasing an additional 11,619 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Group 1 Automotive were worth $5,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Group 1 Automotive by 366,770.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,431,464 shares of the company’s stock valued at $10,002,195,000 after acquiring an additional 25,424,532 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Group 1 Automotive by 34.8% in the 3rd quarter. Victory Capital Management Inc. now owns 226,915 shares of the company’s stock valued at $99,278,000 after acquiring an additional 58,641 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Group 1 Automotive by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 184,732 shares of the company’s stock valued at $80,822,000 after acquiring an additional 33,542 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Group 1 Automotive by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 131,085 shares of the company’s stock valued at $57,350,000 after acquiring an additional 12,566 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Group 1 Automotive by 12.9% in the 3rd quarter. Wellington Management Group LLP now owns 111,590 shares of the company’s stock valued at $48,822,000 after acquiring an additional 12,779 shares during the last quarter. 99.92% of the stock is owned by institutional investors.

Group 1 Automotive Price Performance

Shares of GPI opened at $325.39 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.21 and a current ratio of 0.95. The stock has a 50 day simple moving average of $330.70 and a 200 day simple moving average of $360.98. Group 1 Automotive, Inc. has a 52-week low of $292.44 and a 52-week high of $488.39. The firm has a market capitalization of $3.87 billion, a PE ratio of 12.42, a P/E/G ratio of 0.75 and a beta of 0.87.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $8.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.82 by ($0.16). Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $10.17 earnings per share. Group 1 Automotive’s revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Group 1 Automotive, Inc. will post 42.22 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.55 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.7%. Group 1 Automotive’s payout ratio is currently 8.40%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on Group 1 Automotive from $460.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Citigroup upped their price target on Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their price target on Group 1 Automotive from $385.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Barclays upped their price target on Group 1 Automotive from $455.00 to $470.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Benchmark raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 price target for the company in a research note on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $456.00.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.